Full text
Earnings transcript
Read the complete earnings call transcript.
PRG
PROG Holdings, Inc.
$36.92
0.01
(0.03%)
| Exchange: | NYSE |
| Market Cap: | 1.479B |
| Shares Outstanding: | 48.288M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Rental & Leasing Services | |||||
| CEO: | Steven A. Michaels | |||||
| Full Time Employees: | 1403 | |||||
| Address: |
| |||||
| Website: | https://investor.progleasing.com |
PROG Holdings, Inc. functions as a multi-channel financial services firm, specializing in lease-to-own programs for individuals with limited credit access or those traditionally considered underserved. The company’s operations are divided into two distinct segments. The Progressive Leasing division provides customers with rent-to-own options for a diverse array of merchandise, such as furniture, household appliances, electronic gadgets, jewelry, mobile phones and their accessories, mattresses, and automobile electronics and fittings. These services are delivered through various touchpoints, including in-store, mobile, and online channels, often in collaboration with point-of-sale and e-commerce retail partners. Meanwhile, the Vive segment extends “second-chance” and revolving credit solutions, utilizing both its own and co-branded credit cards. These offerings are specifically tailored for consumers who might not qualify for conventional prime credit facilities. Across 49 U.S. states and the District of Columbia, PROG Holdings’ lease-purchase solutions are made available through a vast network of approximately 24,000 third-party retail partner locations and their corresponding e-commerce platforms. Founded in 1955 and based in Draper, Utah, the company underwent a name change from Aaron’s Holdings Company, Inc. to PROG Holdings, Inc. in December 2020.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,408,264 | 2,463,496 | 2,409,223 |
| Gross Profit | 831,961 | 2,463,496 | 794,527 |
| EBITDA | 1,833,962 | 1,850,502 | 1,853,045 |
| Operating Income | 225,627 | 194,897 | 238,349 |
| Net Income | 138,838 | 197,249 | 146,788 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,491,255 | 1,513,767 | 1,610,408 |
| Total Liabilities | 899,924 | 863,486 | 863,991 |
| Total Stockholders Equity | 591,331 | 650,281 | 746,417 |
| Total Debt | 608,114 | 655,059 | 0 |
| Cash and Cash Equivalents | 155,416 | 95,655 | 308,774 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 204,236 | 138,525 | 334,962 |
| Capital Expenditure | -9,616 | -8,316 | -10,042 |
| Free Cash Flow | 194,620 | 130,209 | 324,920 |
| Net Income | 138,838 | 197,249 | 146,788 |
| Net Change in Cash | 23,536 | -59,761 | 213,119 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,489,978.562 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 3,606,010.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 3,542,872 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,251,889.068 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,326,757.973 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,286,018.262 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 258,851.583 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 270,090.543 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 263,974.986 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 538,425.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 556,326.367 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 546,585.528 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.460 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.330 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Performance: PROG Holdings reported consolidated revenue of $590.1 million in Q3 2025, reflecting consistent top-line growth as highlighted in the earnings call transcript. This performance underscores the company’s ability to maintain revenue streams amidst competitive pressures.
- Strategic Focus on BNPL Platform: The company’s emphasis on expanding its Buy Now, Pay Later (BNPL) platform, as discussed in the Q3 2025 earnings call, positions it favorably in a growing fintech segment, potentially driving future revenue diversification.
- Positive Free Cash Flow: Based on cash flow statement data, PROG Holdings demonstrates a healthy free cash flow yield (TTM), indicating strong operational efficiency and the capacity to fund growth initiatives or return value to shareholders.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PRG intrinsic value between $43.99 – $46.75 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about PRG valuation
Is PROG Holdings, Inc. (PRG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for PROG Holdings, Inc. (PRG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PRG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PRG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PRG’s P/E ratio?
You can see PRG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PRG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PRG a good long-term investment?
Whether PRG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PRG
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.03
Trading Metrics:
| Open: | 36.6 | Previous Close: | 36.91 | |
| Day Low: | 36.6 | Day High: | 37.17 | |
| Year Low: | 25.8 | Year High: | 41.14 | |
| Price Avg 50: | 32.89 | Price Avg 200: | 32.06 | |
| Volume: | 25212 | Average Volume: | 499234 |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freePRG full analysis
Welcome to MARKETSNAP’s SWOT analysis for PROG Holdings, a company that might not be on everyone’s radar but definitely deserves a closer look if you’re hunting for opportunities in the financial services space. I’m thrilled to dive into this one with you today because there’s a lot to unpack—from solid financials to some intriguing growth prospects. So, grab a coffee, let’s break down what makes PROG Holdings tick, and figure out if it’s a worthy addition to your long-term portfolio.…
